Israel based medical technology company HIL Applied Medical has acquired laser-based cancer therapy components developer, Nanolabz, a part of the University of Nevada, to assist in developing new cancer proton therapy systems.
University of Nevada enterprise and innovation associate vice-president Dr Ellen Purpus, who had assisted in drafting the license agreement stated that the acquisition will help in validating the research, innovation and commercialisation at the University.
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HIL CEO Sagi Brink-Danan said: "Today’s announcement is an important step towards the developing of our advanced cancer therapy systems.
"Still this is only one step in a long process, and we look forward to expanding the collaboration with the University of Nevada, Reno and the Nanolabz team."
The proton therapy involves the exposiing of cancerous tumours to a form of focused radiation, two to six times less damage is caused to the surrounding healthy tissues subsequently reducing toxicity.
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It is an advanced radiation form of the conventional radiation therapies and improves the quality of the patient’s life.
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By GlobalDataCleared by the US Food and Drug Administration (FDA) and covered by both federal and private insurers, the proton therapy is administered to treat a range of cancers on a regular basis.
However, a rapid adoption of the proton therapy is hindered by the lack of appropriate infrastructure in hospital facilities. The therapy requires a huge space as large as that of a football field entailing high-costs.
Vendors are being introduced to a single-room solution at a lower cost.
Image: Nanolabz co-founder and president Grant Korgan. Photo: courtesy of PR Newswire Association LLC.
